Louisiana State Employees Retirement System Takes Position in Antero Midstream Co. (NYSE:AM)

Louisiana State Employees Retirement System bought a new stake in Antero Midstream Co. (NYSE:AM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 95,700 shares of the pipeline company's stock, valued at approximately $1,199,000.

A number of other hedge funds have also added to or reduced their stakes in AM. Counterpoint Mutual Funds LLC bought a new position in shares of Antero Midstream in the 3rd quarter valued at about $97,000. Bleakley Financial Group LLC bought a new position in shares of Antero Midstream in the 4th quarter valued at about $127,000. Simplicity Solutions LLC bought a new position in shares of Antero Midstream in the 4th quarter valued at about $127,000. B. Riley Wealth Advisors Inc. grew its position in shares of Antero Midstream by 11.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 11,191 shares of the pipeline company's stock valued at $134,000 after acquiring an additional 1,151 shares during the period. Finally, Park Avenue Securities LLC bought a new position in shares of Antero Midstream in the 3rd quarter valued at about $155,000. Institutional investors own 53.97% of the company's stock.

Analyst Upgrades and Downgrades

AM has been the subject of a number of analyst reports. Tudor, Pickering, Holt & Co. downgraded shares of Antero Midstream from a "buy" rating to a "hold" rating and lifted their price objective for the company from $12.00 to $13.00 in a research report on Tuesday, March 12th. StockNews.com raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Saturday, March 30th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Antero Midstream presently has a consensus rating of "Hold" and a consensus price target of $12.70.

Antero Midstream Stock Performance

Shares of AM stock traded up $0.16 during midday trading on Tuesday, hitting $13.94. 2,986,015 shares of the company were exchanged, compared to its average volume of 2,701,415. The firm has a market capitalization of $6.69 billion, a P/E ratio of 18.10 and a beta of 2.25. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.95 and a current ratio of 0.95. The firm's 50 day moving average price is $13.58 and its two-hundred day moving average price is $12.90. Antero Midstream Co. has a 52 week low of $9.69 and a 52 week high of $14.52.

Antero Midstream (NYSE:AM - Get Free Report) last announced its earnings results on Thursday, February 15th. The pipeline company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. Antero Midstream had a net margin of 35.69% and a return on equity of 19.96%. The business had revenue of $260.17 million during the quarter, compared to the consensus estimate of $261.04 million. During the same quarter in the previous year, the firm posted $0.20 EPS. Antero Midstream's revenue was up 7.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Antero Midstream Co. will post 0.98 earnings per share for the current year.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 6.46%. The ex-dividend date is Tuesday, April 23rd. Antero Midstream's dividend payout ratio (DPR) is 116.88%.

Insiders Place Their Bets

In other Antero Midstream news, insider Sheri Pearce sold 16,394 shares of Antero Midstream stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $13.67, for a total value of $224,105.98. Following the completion of the sale, the insider now owns 170,266 shares in the company, valued at approximately $2,327,536.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.52% of the company's stock.

Antero Midstream Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.